• Fri. Apr 19th, 2024

Dairibord sees block deal worth $7.1 billion


Feb 16, 2024 #dairibord

By ETimes

HARARE – Equities trading on the Zimbabwe Stock Exchange (ZSE) on Thursday ended in the south zone as bears persisted for the fifth consecutive time.
With 1.65% depreciation, the ZSE All Share Index (ASI) closed at 516,231.00 points, while market capitalisation settled at $40.67 trillion.
A total of 7.61 million shares worth $8.6 billion were traded in 119 deals.
Dairibord drove the activity chart with an exchange of 6.42 million shares valued at $7.1 billion.
The Top 10 Index lost 1.09% to close at 227,819.83 points.

The Medium Cap Index was 2.65% lower at 2,163,951.85 points.
Similarly, market breadth closed in favour of bear as 4 advancers were recorded against 11 decliners, with Truworths leading the gainers’ chart while Dairibord topped the losers’ chart on Wednesday.
The Small Cap Index was the only gainer, up 7.07% to end at 10,547,667.90 points.
Old Mutual Top 10 ETF retreated by $0.3383 to $79.9500 and Cass Saddle Agriculture ETF lost $0.1992 to $8.3008.
Morgan & Co Made In Zimbabwe was unchanged at $17.5712 whilst Morgan & Co Multi Sector ETF recovered $0.0478 to $600.0000 and Datvest Modified Consumer Staples ETF was $0.1693 up at $19.6959.
On the VFEX, African Sun rose 3.33% to close at US$0.0310. However, losses were recorded in SeedCo International and Innscor Africa Limited which eased 2.96% and 1.69% to end at US$0.3105 and US$0.4301 respectively.

By ETimes

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